SPDR S&P 500 (SPY): I've been nibbling on Miners with VGPMX....

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Re: rawiron1 post# 168903

Tuesday, 12/01/2015 8:17:29 AM

Tuesday, December 01, 2015 8:17:29 AM

I've been nibbling on Miners with VGPMX. Might have to nibble again. Not a lot of contango in the futures, so GLD could work. IDK. The pet rock chat isn't encouraging. Low price of oil means lowered mining costs? Could cause more supply as well, further depressing prices, while allowing the miners to profit.

Paris talks: The climate adjusters decided to raise the thermostat 3.6 degrees. That's a lot of wiggle room for fossils. LED's are going to reduce demand. It's almost workable without crushing industrialization.

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